GME on a weekly chart has clear the chop zone on that indicator and is now above the POC line of the long -term volume profile indicating that bullish momentum is greater than bearish momentum. I will take a long trade here targeting the pivot highs of 2022 for three quarters of the trade and the base of the high pivots of 2021 for the reminder. 21.7 below...
If you watch price on QQQ or SPY, you will see a strong price battle going on between buyers and sellers. Daily timeframe, the question of course is whether PPI tomorrow causes another gap down or a reversal back up towards upper resistance line. RSI and stochastic do not provide a reliable directional signal right now; all the more reason for caution in your trades.
Morning/Evening all! BTC has entered a very choppy range, which means the price moves in a tight range bouncing between many levels chopping positions of all market participants, shorts and longs alike. In this picture I have marked and mapped the choppy areas as well as the zones that should be considered Resistance and Support. There are two ways to use this...